“The peak of inflation has not yet been reached – the National Bank of Ukraine reports that the peak of inflation has not yet been reached, and the risks are growing. Inflation is forecast to rise to 9.7% in 2024, with a gradual decline to 5% in 2026.”, — write on: unn.ua
Considering that the peak of inflation has not yet passed, and the pro-inflationary risks for the coming months have even increased, the NBU considers it appropriate to remain cautious in interest rate policy
The National Bank explains that it is these factors that prompt them to keep the discount rate at 13%.
Currently, inflation in Ukraine is 8.6% and continues to grow. According to the forecast, by the end of 2024 it will be 9.7%.
At the same time, in the spring of 2025, inflation will begin to decrease. The forecast of the NBU foresees a decrease in inflation to 6.9% at the end of 2025 and its reduction to the target of 5% in 2026
We will remind
The National Bank of Ukraine predicts a “moderate” exchange rate fluctuation in both directions. The NBU plans to use the regime of managed exchange rate flexibility and compensate for the structural currency deficit in the private sector to smooth out excessive exchange rate fluctuations.
Inflation in Ukraine accelerated to 8.6%: by which prices increased the mostOctober 10, 2024, 13:35 • 14336 views